The Pattern of Imports and Exports That Occurs in the Absence

question 34

Multiple Choice

The pattern of imports and exports that occurs in the absence of trade barriers is called ________.

• A)vertical integration
• B)autarky
• C)protectionism
• D)free trade

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Definitions:

Human Rights

Fundamental rights and freedoms that every person is entitled to regardless of nationality, sex, national or ethnic origin, race, religion, language, or any other status.

Quasi-contract Liability

Refers to the legal responsibility imposed by the court to prevent unjust enrichment when no actual contract exists between parties.

Implied Contract

A contract formed by the actions, behaviors, or circumstances of the parties involved, rather than by written or spoken agreement.

Promissory Estoppel

A legal principle preventing a party from retracting a promise made, when the other party has reasonably relied on that promise to their detriment.